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Jul 23, 2011
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workingf late this is a big story. david, i know a lot has been coming out since the president and john boehner spoke earlier w headed. what are you hearing? >> both sides, both the speaker's office and the white house were dueling in terms of the numbers and the framework and who was backing off this and pushing for that. although it may sound counterintuitive, the fact that the speaker wants to take this to the congress' level, negotiate with reid and other congressional leaders on both sides of the aisle might help this. they can figure out together where the votes are try and get something through each house and get it to the president. at this poin^ anything the president gets he will sign. i originally thought it was best to have the president in the room, because he could give the democrats cover and direct them as to where he wanted them to go. for whatever reason it doesn't appear to have worked. you might as well do the it now and not have a middleman who going to vote for what. >> that's really interesting.
workingf late this is a big story. david, i know a lot has been coming out since the president and john boehner spoke earlier w headed. what are you hearing? >> both sides, both the speaker's office and the white house were dueling in terms of the numbers and the framework and who was backing off this and pushing for that. although it may sound counterintuitive, the fact that the speaker wants to take this to the congress' level, negotiate with reid and other congressional leaders on...
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Jul 28, 2011
07/11
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that was a big -- that was a big moment for him. i think right now we're at a point much like we were with -- before the government -- almost government shutdown a few months ago, where you have boehner and harry reid, who is a deal-maker, don't forget, and reid actually, despite that shot across the bow today by the 53 senators, harry reid is a deal-maker. he doesn't have taxes in that plan that he has. they both -- both those figures emerged pre-- you know, during the budget battle that led to the -- that forestalled the government shutdown. they emerged as the major figures there. i think that's what we'll see. we'll see those two emerge, a deal eventually go to the white house. if this white house really thinks this is a catastrophe waiting to happen, it's going to have to deal with it. >> bret: charles, they may say in this letter that this deal won't pass the senate, but you have a number of democrats who are up for re-election from red-leaning states, who would have to vote on the boehner plan, that by numbers is not that dif
that was a big -- that was a big moment for him. i think right now we're at a point much like we were with -- before the government -- almost government shutdown a few months ago, where you have boehner and harry reid, who is a deal-maker, don't forget, and reid actually, despite that shot across the bow today by the 53 senators, harry reid is a deal-maker. he doesn't have taxes in that plan that he has. they both -- both those figures emerged pre-- you know, during the budget battle that led...
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Jul 29, 2011
07/11
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they think in the long run it will be effective in a big debate like this. bret? >> bret: ed, thank you. stocks were again down today to close what was the worst week in a year. the dow dropped 97, the s&p 500 gave back 8 1/3, the nasdaq dropped 10. fuel to the fire in the debt ceiling debate. peter barnes breaks down the number. >> high gas prices and weak income gains for workers have the economy growing at its slowest six-month pace since the economic recovery began early last year. the government said today that gdp grew at just a 1.3% annual rate in the second quarter, well below expectations. but the shocker was a huge downward revision of the number for the first quarter. growth originally clocked in at 1.9%, but now the government says it grew at just .4 of a president. for the president, the numbers were too bad to ignore, even as he pressured republicans to cut a deal with him on the debt ceiling to help the economy. >> on a day when we've been reminded how fragile the economy already is, this is one burden we can lift ourselves. we can end it with a sim
they think in the long run it will be effective in a big debate like this. bret? >> bret: ed, thank you. stocks were again down today to close what was the worst week in a year. the dow dropped 97, the s&p 500 gave back 8 1/3, the nasdaq dropped 10. fuel to the fire in the debt ceiling debate. peter barnes breaks down the number. >> high gas prices and weak income gains for workers have the economy growing at its slowest six-month pace since the economic recovery began early...
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Jul 27, 2011
07/11
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big in many ways is just as harded as doing something small. we've said we could fall short of that goal. it may not be achievable. we could in the aftermath fight for something significant and tax and entitlement reform. and we would set something out as long as it ensures that the cloud hanging over the economy is removed and that we lift the debt selling for a substantial period of time to make sure, the uncertainty that that creates doesn't continue to stay with us and that it still achiefs significant deficit reduction. that's not an ideal outcome, but this president made it clear he's not holding out for perfections, and he understands that no party to these negotiations will get everything he or she wants. >> bret: you say the president still thinks it's possible. why then did four months ago, did you say this. >> we believe we should move quickly to raise the debt limit and-- >> a clean bill is without tax revenues or anything, it's not big at all. >> bret, you know, that certainly the link between raising a debt ceiling and a deficit r
big in many ways is just as harded as doing something small. we've said we could fall short of that goal. it may not be achievable. we could in the aftermath fight for something significant and tax and entitlement reform. and we would set something out as long as it ensures that the cloud hanging over the economy is removed and that we lift the debt selling for a substantial period of time to make sure, the uncertainty that that creates doesn't continue to stay with us and that it still achiefs...
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Jul 22, 2011
07/11
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you said your bottom line has been a big deal. that is not going to happen. are you going to be willing to go back to just raising the debt ceiling? >> i think i have been consistently saying in the press room and everywhere that it is important for to us raise the debt ceiling. we don't have an option on that. so if that is the best that congress can do, i will sign an extension of the debt creeling to take it through -- debt creeling to take it through 2013. i don't think it's enough. we should do more. the bare minimum, the floor of what the american people expect us to do. so i would like to see us do more. when i meet with the leadership tomorrow i'm going to say let's do more. if they tell me that is the best they can do, then i will sign an extension that goes to 2013 and make the case to the american people we have to continue going out there and solving this problem. it's the right thing to do. it's time to do it. we can't keep putting it off. >> you suggested that speaker boehner didn't return phone calls this afternoon. can you elaborate on that? >
you said your bottom line has been a big deal. that is not going to happen. are you going to be willing to go back to just raising the debt ceiling? >> i think i have been consistently saying in the press room and everywhere that it is important for to us raise the debt ceiling. we don't have an option on that. so if that is the best that congress can do, i will sign an extension of the debt creeling to take it through -- debt creeling to take it through 2013. i don't think it's enough....
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Jul 28, 2011
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that's a big sticking point. there are things called triggers which would -- you know, if people walked away from these committees, they're supposed to find more savings, without getting too into those details, there are sticking points, but there are ongoing discussions about getting to something before tuesday. those are involved -- some of the members of the gang of six are involved in those discussions. scenario durbin of illinois, senator chambliss, others are involved, and so are the senate minority leader and majority leader. i don't think we'll see -- if we see this projection in the senate tonight -- rejection in the senate tonight, i don't think we'll see anymore tonight. hopefully over the weekend they cobble something together. >> this is one of the arguments that john boehner is making right now. this is why this needs to pass. if this doesn't pass we're not in the conversation anymore. we are silent. if this passes, then you can imagine some kind of a compromise along the lines of what a.b. is talki
that's a big sticking point. there are things called triggers which would -- you know, if people walked away from these committees, they're supposed to find more savings, without getting too into those details, there are sticking points, but there are ongoing discussions about getting to something before tuesday. those are involved -- some of the members of the gang of six are involved in those discussions. scenario durbin of illinois, senator chambliss, others are involved, and so are the...
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Jul 29, 2011
07/11
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these are big ifs. boy say none of the guys ran on the balanced budget amendment or did run on not playing micks. politics is another word for compromise in deal making and none of the new members has interest in compromise ordeal making. >> greta: the tweak tonight is a tougher tweak. it adheres to the side of the conservative and inflexible conservatives, right? >> sure. >> greta: goits to the senate. you say it gets ping ponged and tweaked again, it gets watered down. >> yes. correct. >> greta: that is when people goring to be unhappy. >> here is what reid and mcconnell would do. find a way to adjust the bill so you can get votes to get over 60 votes, and send it back to the house, now with democrats having voted for it, you can get democratic votes in the house. and boehner still needs to get a majority of the conference but there is more flexibility there. >> so he's going to lose more there because you can pick up democrats because of the changed bill? >> yes. there are a lot of republicans and i
these are big ifs. boy say none of the guys ran on the balanced budget amendment or did run on not playing micks. politics is another word for compromise in deal making and none of the new members has interest in compromise ordeal making. >> greta: the tweak tonight is a tougher tweak. it adheres to the side of the conservative and inflexible conservatives, right? >> sure. >> greta: goits to the senate. you say it gets ping ponged and tweaked again, it gets watered down....
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Jul 30, 2011
07/11
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the deficit is too big. we are not using the right baseline because we are assuming 8% increases every year as far as the eye can see and what bothers me in all of this, karl, is that the tea party's attack, "wall street journal," nro, weekly standard, they are called hob bits, senator mix cane mccain, it iss compromise mentality that gave us this debt and the tea party by -- this is what they said what they wanted from the elected officials they are standing on a principle. when did it become a bad thing to stand on your principles? >> i think you are right but let's remember this is about the debt ceiling that is part of but in some ways separate from the broader question of the deficit. and we have turned the debt ceiling into a welcome opportunity to do something about the deficit but we shouldn't expect to get everything done on this debt ceiling vote that needs to be done on the deficit because some involves deep structural reforms that ought to be discussed and debated for the good of the country. >>
the deficit is too big. we are not using the right baseline because we are assuming 8% increases every year as far as the eye can see and what bothers me in all of this, karl, is that the tea party's attack, "wall street journal," nro, weekly standard, they are called hob bits, senator mix cane mccain, it iss compromise mentality that gave us this debt and the tea party by -- this is what they said what they wanted from the elected officials they are standing on a principle. when did...
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Jul 25, 2011
07/11
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. >> big difference between talking and getting stuff done. and i get stuff done. >> it's the latest chantner the rivalry of the two minnesota candidates for the republican presidential nomination, which boiled over yesterday, with pawlenty having spent almost two weeks saying bachmann has no congressional accomplishments to speak of, bachmann had enough. in a sunday statement, she fired back saying "i've fought against irresponsible spending while governor pawlenty was leading a multimillion dollar budget mess in minnesota." later the bachmann campaign added on healthcare mandates, climate change and wall street bail-outs there's very little daylight between governor pawlenty's record and the obama administration's." this back and forth comes with pawlenty still trailing bachmann in the polls. for bachmann, the verbal sparring seems to come with at least some risk. it will likely draw even more attention to the iowa straw poll, less than three weeks away, and pawlenty seems to have the advantage of a larger, deeper iowa organization. the stra
. >> big difference between talking and getting stuff done. and i get stuff done. >> it's the latest chantner the rivalry of the two minnesota candidates for the republican presidential nomination, which boiled over yesterday, with pawlenty having spent almost two weeks saying bachmann has no congressional accomplishments to speak of, bachmann had enough. in a sunday statement, she fired back saying "i've fought against irresponsible spending while governor pawlenty was leading...